ebrd financing for ee in romania ee_12.10.pdf · national action plans for energy efficiency sector...
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EBRD financing for EE in Romania
October 2017
What is the EBRD?
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• Public financing institution established in 1991 to foster transition to market economies
• Owned by 65 countries from 5 continents, the EU and the EIB
• Operates in 35 countries, including ROMANIA • The EBRD has invested over EUR 7 billion in Romania to
date and has mobilized more than EUR 14 billion from other sources of financing
3 key operational principles • Sound banking • Transition impact • Environmental sustainability
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Key municipal sectors covered by EBRD
✓ Water & Wastewater – improved quality of service and environmental compliance
✓ Urban Transport – improved roads and public transport services (buses, trams, LRT, metro, ferries, etc.), efficient and safe network, e-ticketing, parking
✓ Solid Waste Management – improved efficiency and frequency of collection; adequate d isposal ; prevent ion of groundwater contamination
✓ District Heating – renewal of obsolete heating systems to promote efficiency gains
✓ Street Lighting – renewal of obsolete street lighting systems
✓ Energy Efficiency
EBRD – EE financing facilities in Romania (currently finalized)
EUR 80 mill. credit line for industrial energy efficiency
(private sector, 129 projects, June 2015)
Partner banks BCR, BRD, BT, CEC,
Raiffeisen, OTP
+ €18.8 million EU grant funding
EUR 75 mill. credit line for SMEs to invest in EE and small-
scale renewable energy solutions (340 projects, April
2016)
Partner banks Banca Transilvania, BRD, BCR, UniCredit
+ €18.8 million EU grant funding
www.eeff.ro www.seff.ro
EUR 10 mill. credit line for municipalities and
their utility companies (3 projects)
Partner bank BRD
+ €2.5 million EU grant funding
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Structural design
EBRD
Partner Banks
Sub-borrowers
€ Loans
€ Loans
Support to beneficiaries
Technical assistance
Training + Marketing + Technical assistance
Consultant Verification Consultant
The extent of technical verification reflects specifics of the product and requirements of national authorities
A separate Verification Consultant needed, depending on the scope of investment and on the scope of TA provided by the Consultant
EBRD- RO Government MoU 2007-2013 (TA finalised)
In the Context of the Memorandum of Understanding signed between the Romanian Government and EBRD in 2012, in order to improve the absorption capacity and prepare the strategic projects for EU 2014-2020 programmes, the EBRD support related to EE included 3 projects:
❑ National action plans for energy efficiency sector in Romania- SWOT analysis of results
❑ Preparation of a strategy regarding the co-financing from structural funds of energy efficiency investments in public buildings and public lighting, including private sector investments, for the period 2014-2020 (ROP); an EnPC/ESCO mechanism was proposed, but not adopted.
❑ Preparation of an energy efficiency financing strategy for the residential sector, for the period 2014-2020 (ROP)
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The EBRD pilot programme, financed by GEF, aims at supporting cities to prepare and tender EnPCs for ESCOs
- target – public buildings (initially) and public lighting (currently under implementation)
EBRD’s pilot programme – EE public sector (ESCO market development)
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Ener
gy b
ill
Years
1 2 3 4 5 6 7 8 9 10 11 12
Final energy billEnergy savings revenue for ESCoEnergy savings revenue for CityCity energy bill
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EBRD financing opportunities Street lighting
EBRD loan facility of Euro 100 mill. total for STREET LIGHTING (forfaiting is also possible) Context for street lighting loans (to cities or private companies): 1. At least 60% of the loan to finance street lighting capex, while 40% of the loan could finance
other investments (could be unrelated to street lighting) 2. Technology: LED (or BAT), AND 3. Performance based contracting / procurement process focuses on EE, AND 4. EITHER (a) or (b): a) design-install and multi-year performance guarantees under the street lighting contracts, OR b) long term technical warranties [50,000 hours] to be provided by the LED suppliers
As street lighting (under the above conditions) is a green investment, grants can be offered by EBRD donors for: - reducing the margin of the loans - technical assistance, before and after loan signing.
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EBRD financing opportunities Green Economy Financing Facility (GEFF)
GEFF - EBRD loan facility of Euro 100 mill. total for Romania, for energy and resource efficiency investments in residential buildings
GEFF is a flexible financing facility that allows participating financial institutions (PFIs) to set up lending products for both: ➢ individual borrowers (physical persons) who make eligible investments in their own homes; and
➢ companies (legal persons) who provide eligible goods or services to households
Banca Transilvania (BT) - GEFF lending products for individual borrowers (Euro 40 mill total): ➢ BT consumer loans to buy items that appear on the GEFF Technology Selector;
➢ BT green mortgages to buy new energy-efficient homes
https://ebrdgeff.com/romania/eligible-projects/
https://www.bancatransilvania.ro/pentru-tine/credite/investitii-inteligente/credit-de-nevoi-personale-verde/
https://www.bancatransilvania.ro/pentru-tine/credite/investitii-inteligente/credit-imobiliar-ipotecar-verde/
Contact
Venera Vlad Associate Director Senior Banker, MEI Coordinator [email protected]
Dana Ionescu Principal Specialist [email protected]
Tel: +40 21 202 7100 Fax: +40 21 202 7110 www.ebrd.com
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